If you have a lot of bitcoin, should you spend it or save it? - page 60.

ubitcoin

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Quote from: Hypnosis00 on June 30, 2017, 02:08:42 AM

I will just save it for long term and i will not spend it because it is not a good idea for me to just spend bitcoins to useless things while i can just hold it and let the value of it grow into a bigger amount that i can enjoy on the bigger things after a few years. I won't settle for small happiness because i want extra ordinary happiness like spending my bitcoins to buy a new sports car.

Good decision. By the passage of time it is enlarging the value of bitcoin.
In which it is giving you opportunity to invest more income that the value of your investment become more double than you invested. So keep wait for a precious time when it would reach to high tendency then withdraw some of them for your future.

Kronos21

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If you have a lot of bitcoins then I recommend that you buy something valuable. Once you earned them you will earn yourself some more. Why would you be nervous? Later you can spend all your money on psychiatric treatment.

DRaGoN RaNTaRo

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Quote from: richminded on July 01, 2017, 05:37:39 AM

If i have a lot of bitcoin i will spend the half of it and save the other half, spending bitcoin today will be ok but saving bitcoin will be better in the future. i will just take my capital and some profit with bitcoin and after that i will trade it harder to multiply my btc and for me to secure my future thru bitcoin.

So everyone prefers to have a solid future with bitcoin and i would do the same if i am holding bitcoin,i have already sold my coins and waiting for a price drop ,just confused on the market situation as i am not sure which direction the market will take us from the present situation.

latexkrypton

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Isn't that easy? Save it, of course. It's not like your financial status depends on bitcoins, not yet.

wuvdoll

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Quote from: LimLims on June 29, 2017, 04:29:50 AM

Lot of bitcoin means lots of money so even if I spend some of them then it won't make any difference to me so if I have lots of bitcoins then I will spend them whenever I need and rest I will save for the future and spend when price goes higher.

Yes and a lot of money means a lot of things to do and I will do the same will cover a lot of activities with it. I will spend some of it by buying a luxury car and wrists watch for me. My dream car is Lamborghini and favorite watch is Rolex. I will surely buy them and will invest some of it so that I can fuel my car and leave the remaining as my saving.

mornabo

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Quote from: richminded on July 01, 2017, 05:37:39 AM

If i have a lot of bitcoin i will spend the half of it and save the other half, spending bitcoin today will be ok but saving bitcoin will be better in the future. i will just take my capital and some profit with bitcoin and after that i will trade it harder to multiply my btc and for me to secure my future thru bitcoin.

It might be better if your spending allocation is shared for investment as well. Of course it will generate a good income for you. A combination of saving, investment, work. It will produce good results. Even wealth for you

uchiha

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I prefer to save bitcoi instead of using it for shopping. If I use the bitcoin I have to shop for something. Maybe the bitcoin I have will run out. And I have to collect bitcoin again to get it. But if I save it and use to invest like mining, trading and others. Maybe i will benefit from it. So I can use to buy something

ultrloa

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Quote from: richminded on July 01, 2017, 05:37:39 AM

If i have a lot of bitcoin i will spend the half of it and save the other half, spending bitcoin today will be ok but saving bitcoin will be better in the future. i will just take my capital and some profit with bitcoin and after that i will trade it harder to multiply my btc and for me to secure my future thru bitcoin.

That would be the best thing to do for me since we doesn't know on what would happen so I would rather spend my half of my bitcoins if theirs an emergency situation or upon investing so that i can accumulate for myself more volumes of BTC. And savings maybe A little half part of it but im not a saver person so maybe I would stock some if I want to after something in future.

richminded

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If i have a lot of bitcoin i will spend the half of it and save the other half, spending bitcoin today will be ok but saving bitcoin will be better in the future. i will just take my capital and some profit with bitcoin and after that i will trade it harder to multiply my btc and for me to secure my future thru bitcoin.

HashieNewb

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Quote from: bkbirge on June 30, 2017, 03:55:02 PM

I recommend dumping your bitcoins and investing in chocolate coins. It's the only sensible strategy for long term girth.

That might be a good solution to losing all the money that he has within his Bitcoin account. If he wanted to spend his Bitcoin on something then I would suggest purchasing some Chocolate coins as well.

People that don’t have any Bitcoin should at least try to have Bitcoin leftover before spending all of what they have.

xvids

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Quote from: Crapz23 on June 27, 2017, 10:58:10 AM

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

If I have a lot of bitcoin I would just cash out the amount of money that I need,
And just save the remaining for my future expenses and maybe I would try to put some in trading to gain some profit.

hajimasan

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Quote from: Crapz23 on June 27, 2017, 10:58:10 AM

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

I think Bitcoin is that thing which has no limit of the price , so instead to use all of them or hold all of them is not a good idea .
Here if I will be at your place then I am surely will use it in two ways .
In the first I will invest this amount of Bitcoin in another coin that is much powerful and better like eth or dash .
And I will leave small amount of Bitcoin for and hold j. my wallet of Bitcoin .
After this I will wait until I will turn my investment into double and then will sell small amount of the Bitcoin according to my need and rest of them will hold and do trading forever .
I am thinking to do like this because I know that at single use or single investment may be turned into loss or blaim ourselves that why I sold them at low price Wink

aeternus

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Quote from: Crapz23 on June 27, 2017, 10:58:10 AM

Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

Save it simple as that, but even 2.1BTC is not really a lot for most people here, I am not a whale or anything but even I have more than that in my wallet so it is not like you are going to get a lot of earnings with such a low amount of bitcoin.

bkbirge

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I recommend dumping your bitcoins and investing in chocolate coins. It's the only sensible strategy for long term girth.

lolxxxx

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When I will have a lot of Bitcoin then I will start thinking about spending or saving right now I haven't thought anything about it.

GoodLuck2

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Quote from: cyclotronmajesty on June 29, 2017, 11:26:56 AM

Even if I have lot of bitcoins I will not spend them now and will save them for future and will spend them only when price goes higher to get more profits from it as price is good now but I am expecting much higher price from bitcoins which is possible in future.

Yes you are right that you will not spend it if you have a lot of bitcoin and save or hold that is good because in coming future its price will be goes to high, and if you kept for future wow! The bitcoin value will be more increase and your money will goes to moon .

tosmartak

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What I would do:
If I have lot of bitcoins, I will keep some in a cold storage and leave there while I start investing with the rest probably via trading. Whatever I make from this trading, is what I will be paying myself from and hoard some to save. I think that would wrap it up. I will also watch out for latest new and promising innovations with prospect to invest in for example TTT from bitotal.com is one of a good project to watch out for.

wantjokull

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Well I would spend it for my needs. As I can earn more bitcoins with the time. :-) Its up to you what to do with your money. Bitcoin grows in timely manner is very much true but what's the use keeping it locked when you need it right now. You may wanna spend half and keep half of it to pop in the wallet so that you won't be in any ambiguous situation. Also don't forget to make investment in step by step manner and use your profits for spending on yourself which is why you earned it.

Tungsten-1

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Quote from: Hasbro27 on June 29, 2017, 12:19:18 PM

If I have a bitcoin, I will use 20% for shopping and the rest to invest Roll Eyes

I think that is also a great idea that if you have alot of bitcoin, you will be use 20% of bitcoin for shopping and remaining all bitcoin you invest good idea . I think you invest your bitcoin in altcoin or save in wallet as a bitcoin investment because its price will be more high.

mrayazgul

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Quote from: Sweetbtc on June 29, 2017, 04:10:55 AM

Quote from: Finestream on June 29, 2017, 01:24:25 AM

Quote from: Sweetbtc on June 29, 2017, 12:39:11 AM

Let us simplify things, you do not have a lot of Bitcoin, so you do not need to worry about it. There is nothing in the balance that you have that can make your amount seem large here. There is nothing that you can do with that amount that will be too awful either way.

What OP is trying to say is "if", that means if time will come we will have a lot of bitcoin, what will we do then?
For me, I will surely invest by holding bitcoin because it is the best way so far to generate income, also I will put additional capital for trading to increase my earnings as a day trader.

The law of 50's is your best bet and that will give you plenty of time and resources to completely jack it all up and lose everything by the end of the year. You guys are the fiber of our system, so please, make your best guesses and keep it going.

This is a good track that will slowly keep the block chain fed with the funds from you and 1000's of other that will ensure that our good trades keep moving.
For me, keep moving the bitcoins, trade them and earn good money rather than just saving them.

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